The funding will be used to expand inventory and designs, the startup said in a statement. It will use a part of the capital to strengthen its marketing, sales, and distribution teams.
KraftInn claims to be assisting in the transformation of home décor products to environmentally friendly solutions made of sustainable materials such as bamboo, water hyacinth, and cane, therefore assisting in the fight against climate change.
“Climate change is one of the most pertinent issues of our generation and home décor companies need to change how we make things. We aspire to be India’s largest direct-to-customer sustainable home décor brand,” said Parikshit Borkotoky, CO-Founder, KraftInn.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced from September 2-5, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|KraftInn||Assam (Jorhat)||-||Seed||NEDFi Venture Capital (North East Venture Fund)||-||Consumer Products||E-commerce|
|dezerv.||Mumbai||7 million||Seed||Elevation Capital, Matrix Partners India||Whiteboard Capital, Blume Founders Fund, Kunal Shah, Ramakant Sharma, Asish Mohapatra, Ruchi Kalra, Vidit Aatrey, Sanjeev Barnwal, Varun Dua, Nitin Gupta, Anurag Sinha, Shashvat Nakrani, Suhail Sameer, Revant Bhate, Taparia, RK Kedia, CJ Shah, Neeraj Goenka, Akash Saxena, K Rangarajan, Aashish Sommaiyaa||Financial Services||Fintech|
|AppsForBharat||Bengaluru||10 million||Series A||Elevation Capital||Sequoia Capital India, Beenext, Matrix Partners India, Scott Shleifer, Saurabh Gupta, Vidit Aatrey, Kunal Shah||Software||Fitness & Wellness|
|Bikayi||Hyderabad||10.8 million||Series A||Sequoia Capital India||-||Software||E-commerce|
|Sugar.fit||Bengaluru||10 million||Seed||Cure.fit, Endiya Partners, Tanglin Venture Partners||-||Healthcare Specialist||HealthTech|
|Habbit||Bengaluru||320,000||Pre-Seed||Ashok Goyal||Rajinder Mohan, Gaurav Vij, Geeta Ahluwalia, Kunal Ojha||Education/Training||EdTech|
|Hype Luxury||Bengaluru||-||Pre-Series A||MarsShot Ventures||-||Automobiles Other Vehicles & Parts||Ridesharing /Transport|